Advertisement

  1. National

Port Talbot management in 'steelworks takeover bid'

A potential buyout of the Port Talbot steelworks is to be led by one of its most senior staff.

Stuart Wilkie, Managing Director of Tata Strip Products UK, is heading up a buying team alongside other staff members, ITV News understands.

Meanwhile Tata Steel has announced another round of job cuts in Britain as it significantly reduces production.

The company is to cut 1,050 jobs in the UK, including 750 at its plant in Port Talbot in Wales. A further 300 jobs will go in Llanwern, Trostre, Corby and Hartlepool.

View all 13 updates ›

UK may lose entire steel sector, industry chief warns

Fresh job cuts at Tata Steel would be "another body blow" to the industry, the director of trade association UK Steel has said.

Gareth Stace told ITV News further job losses, which would mean the size of Tata's UK workforce has reduced by nearly 3,000 in the past six months, would be "really critical" for the sector.

"It sets the scene that this isn't the end of the crisis and perhaps it's only the beginning," he said.

"Unless we see much more significant action from government then we're going to see more and more job losses go on and on until actually, potentially we don't have a steel sector based here in the UK."

  1. Read more
  2. 13 updates
Port Talbot management in 'steelworks takeover bid'

More on this story